IIBF Resolution of Stressed Assets study plan

Map the IBC 2016 architecture end to end: define 'default', 'financial debt', 'operational debt', 'corporate debtor', 'corporate insolvency resolution process' and state which section governs each

Trace the timeline of a CIRP from filing to admission to resolution plan approval, listing the statutory outer limits and where extension requires NCLT approval

Distinguish the roles and powers of the NCLT, the IRP/RP, the CoC, and the information utilities, and note who can file under section 7, 9 and 10

Build a one-page decision tree for choosing between section 7 (financial creditor), section 9 (operational creditor) and section 10 (corporate debtor) triggers

Explain the default threshold and the evidence a financial creditor must furnish through an information utility versus other records

Summarise the admission and rejection grounds the NCLT applies at the section 7 and section 9 stages, including the treatment of pre-existing disputes in operational debt claims

Describe the moratorium's scope under section 14 and identify which transactions and proceedings it does and does not restrain

Outline the IRP's first-30-day duties: public announcement, claims collation, management takeover and appointment of professionals

List the categories excluded from the section 14 moratorium and explain the reasoning behind each exclusion

Compare the powers available under sections 43, 45, 50 and 66 to avoid preferential, undervalued, extortionate and fraudulent transactions, and state the look-back periods

Explain when the RP can invoke section 66 against erstwhile directors and what standard of conduct must be shown

Work through the interaction between the moratorium and recovery proceedings by banks, including the position on personal guarantors

Describe how the CoC is constituted, how voting shares are computed and what the 66 per cent threshold means for plan approval

Explain the section 12A withdrawal route and the grounds on which the NCLT and Supreme Court have permitted settlement post-admission

Distinguish the CoC's commercial wisdom from the NCLT's limited power of judicial review over a resolution plan

Identify the mandatory contents of a resolution plan and the section 30(2) compliance tests the RP must verify

Explain the waterfall under section 53 and rank CIRP costs, secured creditors, workmen dues, employee dues and statutory dues in order

Analyse how section 30(2)(b) requires a resolution plan to pay dissenting operational creditors at least liquidation value

Describe the position of the successful resolution applicant on past liabilities, including statutory dues and the effect of a section 31 approval order

Summarise the Supreme Court's reasoning on why the CoC's decision on distribution need not match the section 53 waterfall

Outline the liquidation process: grounds for liquidation, the liquidator's appointment, the liquidation estate and the consolidation of claims

Distinguish the liquidation waterfall from the CIRP waterfall and note the priority given to secured creditors who relinquish versus realise security

Explain the pre-packaged insolvency resolution process for MSMEs and contrast its trigger, timelines and CoC mechanics with the ordinary CIRP

Describe the individual and partnership insolvency framework and the fresh-start and repayment plan thresholds

Explain the RBI framework for resolution of stressed assets outside the IBC, including the requirement to review a resolution plan before invoking insolvency

Map how banks classify and provide for stressed exposures and when an account must be referred for insolvency under the applicable prudential norms

Trace the appeal route from an NCLT order to NCLAT and then to the Supreme Court, and state the limitation periods for each

Identify the key Supreme Court and NCLAT rulings that changed CIRP practice on admission, moratorium scope and plan approval

Revise all eight weeks using a consolidated one-page summary of sections, timelines and thresholds

Complete a timed mock paper under exam conditions and score it against the official weighting

Re-drill every question answered incorrectly in earlier weeks and restate the correct rule from memory

Recite the key numeric thresholds, look-back periods and statutory timelines without reference material